Guideline Value for SRI PADMAVATHI NAGAR

Sri Padmavathi Nagar guideline value

The current guideline value of Sri Padmavathi Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Anupampattu village under the Ponneri Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Sri Padmavathi Nagar has changed

The guideline value for Sri Padmavathi Nagar has seen several revisions over the years. In 2012, the value was set at Rs 300 per sq.ft, which then decreased to Rs 201 per sq.ft in 2017. Following this, the value increased significantly to Rs 300 per sq.ft in both the 2023 and 2024 revisions, showing a 49% rise from the 2017 figure.

Notably, the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained at Rs 300 per sq.ft, indicating no change during this period.

Guideline values in Anupampattu

Anupampattu village has 42 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 500 per sq.ft. The median guideline value for these streets is Rs 300 per sq.ft, which is equal to the current value of Sri Padmavathi Nagar.

• Srinivasan Nagar: Rs 300 per sq.ft (2024)
• Sri Mehar Baba Nagar: Rs 300 per sq.ft (2024)
• Sri Sankara Nagar: Rs 300 per sq.ft (2024)
• Sri Selliamman Nagar Ext: Rs 300 per sq.ft (2024)
• Sri Kamatchi Nagar: Rs 300 per sq.ft (2024)
• Sri Kamatchi Amman Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Padmavathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Padmavathi Nagar?

Sri Padmavathi Nagar falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Anupampattu

The guideline value is a crucial factor in property transactions in Anupampattu, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that buyers must pay during the registration process.

When selling a property, the guideline value ensures that the transaction is conducted at a legally recognized price, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to ensure compliance with legal requirements during the sale.

Frequently asked questions

What is the current guideline value of Sri Padmavathi Nagar?

The current guideline value of Sri Padmavathi Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then back to Rs 300 per sq.ft in 2023 and 2024. The overall change from 2012 to 2024 is 0%.

What are the stamp duty and registration fees for property in Sri Padmavathi Nagar?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty is Rs 21,000 and the registration fee is Rs 6,000, totaling Rs 27,000.

Which Sub Registrar Office covers Sri Padmavathi Nagar?

The Ponneri Sub Registrar Office covers Sri Padmavathi Nagar, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What is the land classification of Sri Padmavathi Nagar?

Sri Padmavathi Nagar is classified as Residential Class II Type - I according to the local land classification regulations.